Suruga Bank to record loss on securities, restructures portfolio

Suruga Bank (TSE:8358) announced today it will record losses on its securities holdings for the fiscal year ending March 31, 2025. These losses are primarily attributed to the partial reduction of multi-asset funds, an action taken to enhance the overall quality of the bank's securities portfolio amid recent financial market trends. The expected loss on securities is ¥1.646 billion, a ¥1.731 billion difference from third-quarter results of ¥85 million.